Last deal

Amount

Seed

Stage

10.08.2022

Date

3

all rounds

$3.28M

Total amount

Financing round

General

About Company
Optimus Technologies is the market leader in EPA compliant biodiesel conversion systems for medium- and heavy-duty trucks.

Industry

Sector :

Subsector :

Keywords :

founded date

01.01.2010

Number of employees

Company Type

For Profit

Last funding type

Seed

IPO status

Private

Description

Optimus Technologies designs and builds patented biodiesel conversion systems called "Vector Systems" that enable medium and heavy-duty trucks to operate on up to 100% biodiesel, even in extreme temperatures. Their integrated telematics allow for easy deployment within 30 days, providing trucking fleets in North America with a cost-effective and sustainable alternative fuel system. By partnering with industry leaders, Optimus aims to create a fully integrated client solution that is rapidly scalable, with a projected value of $279 million by 2023. With over 10.8 million trucks in the US and 1.1 million in Canada consuming billions of gallons of diesel fuel annually, Optimus offers a solution that reduces fuel costs by at least 10% and helps fleets achieve sustainability targets. Their competitive advantage lies in their low infrastructure costs, rapid deployment, and seamless integration with existing equipment. With a proven management team, patented technology, and support from government programs, Optimus is well-positioned to lead the market in clean energy solutions for truck fleets.
Contacts

Contact Email

Phone number

Social url

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Financials

Funding Rounds
35
3

Number of Funding Rounds

$3.28M

Money Raised

Their latest funding was raised on 10.08.2022. Their latest investor Cleantech Open. Their latest round Seed

Date 
Funding Round 
Investors 
Money Raised 
Lead 
10.08.2022
1
01.06.2021
1
05.06.2018
1
$100K
Co-Investors
Investors
10
0

Number of lead investors

10

Number of investors

Investor 
Lead 
Round 
Partners 
No
Non-equity Assistance
No
Convertible Note
No
Convertible Note, Debt Financing
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Subsector

Diversified Industrials

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Clean Energy, CleanTech

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Palo Alto, CA, USA

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632

count Of Exists

8

Randy M

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Idea Foundry

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count Of Exists

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People

Founders
1
Colin Huwyler
Colin Huwyler

Colin Huwyler

As CEO, Colin has a hand in everything from customer acquisition to product development; he has been lead engineer on many key components of the Vector technology. Prior to Optimus, Colin was CEO of a renewable fuel company pioneering the use of straight vegetable oil fuel in the US. Colin has over 10 years of industry experience and recently graduated with a degree in Mechanical Engineering at Pitt's Swanson School of Engineering. For fun, Colin enjoys camping trips on his motorcycle.

current job

Optimus Technologies
Optimus Technologies

organization founded

2

Colin Huwyler

Employee Profiles
5
Michelle Vensel

Michelle Vensel

CFO

Colin Huwyler

Colin Huwyler

Chief Executive Officer

Roger Byford

Roger Byford

Chief Operating Officer

Jon Ewing

Head of Engineering & Production

Activity

Recent News
1